Machten (Machten) Receivables Turnover : 4.52 (As of Sep. 2023)

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What is Machten Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Machten's Revenue for the three months ended in Sep. 2023 was $4.13 Mil. Machten's average Accounts Receivable for the three months ended in Sep. 2023 was $0.91 Mil. Hence, Machten's Receivables Turnover for the three months ended in Sep. 2023 was 4.52.

Machten Receivables Turnover Historical Data

The historical data trend for Machten's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Machten Receivables Turnover Chart

Machten Annual Data

Trend

Receivables Turnover

Machten Quarterly Data
	Jun22	Sep22	Jun23	Sep23
Receivables Turnover	-	-	4.32	4.52

Competitive Comparison of Machten's Receivables Turnover

For the Telecom Services subindustry, Machten's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Machten's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Machten's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Machten's Receivables Turnover falls into.

Machten Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Machten's Receivables Turnover for the fiscal year that ended in . 20 is calculated as

	Receivables Turnover (A: . 20 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: . 20 )	/ (	(Accounts Receivable (A: . 20 )	+	Accounts Receivable (A: . 20 ))	/	count )
=		/ (	(	+	)	/	1 )
=		/	0
=	N/A

Machten's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	4.131	/ (	(0.923	+	0.906)	/	2 )
=	4.131	/	0.9145
=	4.52

Machten (OTCPK:MACT) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Machten Receivables Turnover Related Terms

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Machten (Machten) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Machten Inc (OTCPK:MACT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1516 Barlow Street, Suite D, Traverse City, MI, USA, 49686

Website

Machten Inc is an integrated provider of voice, broadband, and internet access services. It provides high-speed broadband services, including internet access, through fiber optic facilities, copper-based DSL, fixed wireless facilities, and coaxial cable via cable modems.

Executives

Mario J Gabelli	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Ggcp, Inc.	10 percent owner	189 MASON STREET, GREENWICH CT 06830
Ggcp Holdings Llc	10 percent owner	140 GREENWICH AVENUE, GREENWICH CT 06830
Lict Corp	10 percent owner	401 THEODORE FREMD AVE, RYE NY 10580
Patrick J Hansen	director	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Stephen J. Moore	officer: Interim CFO	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Katherine Tansey	director	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Gary L Sugarman	director	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Philip J. Lombardo	director	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Daniel M. Miller	director, officer: Chief Executive Officer	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686

Machten (Machten) Headlines

From GuruFocus

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